Continuing a tradition of nominating people who hate the organizations they have been selected to run (Rick Perry at Energy, Scott Pruitt at EPA), President Donald Trump has nominated a vocal critic of the Export-Import (Ex-Im) Bank to head the lending agency. Former Rep. Scott Garrett (R-N.J.), who voted twice against reauthorizing the bank while in Congress, will be nominated as president of the bank. Separately, former Rep. Spencer T. […]
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ARLINGTON, Va. (AIA PR) — Aerospace Industries Association sent a letter today urging Congress to pass a completed FY2017 appropriation package rather than a full-year continuing resolution. We also ask that the ExIm Bank be enabled to process transactions more than $10 million. It was signed by more than 70 CEOs and senior industry representatives from AIA member companies.
The letter argues that the aerospace and defense industry is “arguably the most successful sector in our country,” contributing significantly to our nation’s economic growth, stability and national security despite “great uncertainty and instability in both the marketplace and with regard to annual government funding.” Our innovative industry supports our military, the dynamic aerospace sector and space exploration, and few things would offer a greater sense of stability going forward than completing the final FY2017 appropriations bills and restoring the ExIm Bank to full functionality.
Dear Speaker Ryan, Leader McConnell, Leader Pelosi, and Leader Reid:
With the 114th Congress coming to a close, the Aerospace Industries Association (AIA) and the leaders of our member companies would like to express our strong support for efforts to pass appropriations legislation providing full year FY 17 funding for the federal government.
Commercial Space Competitiveness Strategy for the 21st Century
Aerospace Industries Association
The United States was the leader in space for much of the early Space Age after initial Soviet successes. From the development of the Saturn V rocket and the Apollo Lunar landing program, to development of the first communications satellites and the Global Positioning System, the U.S. has been the primary driver of both the exploration and commercial utilization of space.
Sen. Richard Shelby
The Export Import Bank remains hobbled as Senate Banking Committee Chairman Richard Shelby (R-AL) refuses to consider President Barack Obama’s nomination of J. Mark McWatters nomination to fill an open seat on the bank’s board.
Until the position is filled, the bank cannot provide financing for U.S. export deals worth more than $10 million. This has left Boeing, SpaceX, satellite manufacturers and other companies that have used the bank in the lurch.
The bank’s authorization lapsed last summer, causing it to temporarily shut down. Congress reauthorized it late last year, but McWatter’s nomination has remained in limbo since the president made it in January.
ARLINGTON, Va. (AIA PR) – The aerospace and defense industry had a strong year in 2015, achieving a number of its top priorities. Despite a lengthy delay, the Export-Import Bank of the United States was reauthorized for four years; significant relief from the budget caps imposed under the Budget Control Act of 2011 was achieved for 2016 and 2017 with passage of the Bipartisan Budget Act of 2015; and there are hopeful signs that a year-long omnibus with an extension of the R&D Tax Credit will pass shortly.
“2015 was a year that saw great progress on a number of initiatives for the aerospace and defense industry,” said AIA President and CEO Dave Melcher. “From Ex-Im to the budget deal, we achieved many of our goals, but there’s still a lot of work to do.”
Statement by Aerospace Industries Association President and CEO David F. Melcher on reauthorization of the Export Import Bank of the United States. Arlington, Va. — AIA welcomes last night’s passage of a five-year transportation bill – this is the first time in 17 years that the House and Senate have come together to produce a transportation bill of this length and duration and we congratulate them on that accomplishment. In […]
Some good news for supporters of the Export Import Bank, a group that includes a number of aerospace companies that use the institution to help finance their overseas sales. Senate and House of Representatives negotiators reached agreement on Tuesday on a $305 billion, five-year transportation bill that would fund roads, bridges and mass transit, while also reviving the embattled Export-Import Bank. The legislation would renew the EXIM Bank’s charter through […]
Statement by Aerospace Industries Association President and CEO David F. Melcher on the passage in the House of a bill reauthorizing the Export Import Bank of the United States.
ARLINGTON, Va. (Oct. 28, 2015) — Today’s passage of Rep. Fincher’s (R-Tenn.) bill in the House marks an important step in reauthorizing the Export Import Bank of the United States. The ExIm Bank is a valuable tool supporting exports in the aerospace and defense industry – the leading export industry in the U.S. manufacturing sector with a trade surplus of nearly $62 billion. We are relieved that common sense has prevailed and the majority has found a way – even using the unconventional “discharge” process – to express its will.
Statement by Aerospace Industries Association President and CEO David F. Melcher on the passage of a discharge petition allowing Congress to hold a vote to reauthorize the Export Import Bank of the United States. Arlington, Va. — We are delighted with today’s passage of a discharge petition on Rep. Fincher’s (R-Tenn.) bill reauthorizing the Export Import Bank of the United States. The ExIm Bank is a valuable tool supporting exports […]
WASHINGTON, D.C., October 6, 2015 (SIA PR) – Satellite Industry Association (SIA) President Tom Stroup today issued the following statement urging Congress to reauthorize the Export-Import Bank of the United States:
“As lost opportunities for domestic commercial satellite manufacturers continue to mount, SIA urges Congressional leadership to reauthorize the Export-Import Bank of the United States (Ex-Im Bank). Without Ex-Im Bank, U.S. commercial satellite manufacturers are increasingly uncompetitive in a global marketplace where foreign buyers account for roughly 75 percent of all commercial satellite sales.